S 4097 119th Congress

State-Based Education Loan Awareness Act

Latest Action

Placed on Senate Legislative Calendar under General Orders. Calendar No. 539.

Summary

State-Based Education Loan Awareness Act This bill excludes certain arrangements or agreements regarding education loans from the definition of a preferred lender arrangement. A preferred lender arrangement is an arrangement or agreement between a lender and an institution of higher education (IHE) that receives federal funding or assistance (1) under which a lender issues education loans to students attending the IHE; and (2) that relates to the IHE recommending, promoting, or endorsing the education loan products of the lender. The bill provides that arrangements or agreements made under a state-based education loan program do not meet the definition of a preferred lender agreement for purposes of certain required disclosures to student borrowers.

Actions

2026-08-04T00:00:00

Placed on Senate Legislative Calendar under General Orders. Calendar No. 539.

2026-08-04T00:00:00

Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.

2026-08-04T00:00:00

Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.

2026-07-30T00:00:00

Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.

2026-03-19T00:00:00

Committee on Health, Education, Labor, and Pensions. Hearings held.

2026-03-16T00:00:00

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

2026-03-16T00:00:00

Introduced in Senate

Policy Areas

Education

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State-Based Education Loan Awareness Act

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Summary

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